Stanley Black & Decker, Inc. $SWK Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,163,478 shares of the industrial products company’s stock after purchasing an additional 54,414 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.75% of Stanley Black & Decker worth $78,826,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. 1248 Management LLC acquired a new stake in Stanley Black & Decker in the first quarter worth about $26,000. Princeton Global Asset Management LLC purchased a new position in shares of Stanley Black & Decker in the 2nd quarter valued at approximately $25,000. Garde Capital Inc. boosted its stake in Stanley Black & Decker by 160.5% in the 2nd quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 321 shares in the last quarter. SBI Securities Co. Ltd. grew its position in Stanley Black & Decker by 87.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 583 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 272 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Stanley Black & Decker by 63.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 594 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 231 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SWK shares. Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research note on Monday, August 18th. Wall Street Zen lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Morgan Stanley reiterated a “positive” rating and set a $80.00 price target on shares of Stanley Black & Decker in a research note on Tuesday, October 14th. Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Finally, UBS Group lifted their target price on Stanley Black & Decker from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $88.10.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $71.51 on Friday. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $91.06. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a market cap of $11.08 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 1.46 and a beta of 1.21. The business has a 50-day simple moving average of $69.58 and a 200-day simple moving average of $70.42.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The company had revenue of $3.72 billion during the quarter. On average, equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $3.32 dividend on an annualized basis and a yield of 4.6%. Stanley Black & Decker’s dividend payout ratio is 114.88%.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.